The LifePoint Health, Inc. (LPNT) Position Boosted by First Citizens Bank & Trust Co.

The LifePoint Health, Inc. (LPNT) Position Boosted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. boosted its position in shares of LifePoint Health, Inc. (NASDAQ:LPNT) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 5,233 shares of the company’s stock after buying an additional 88 shares during the period. First Citizens Bank & Trust Co.’s holdings in LifePoint Health were worth $310,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LPNT. Pembroke Management LTD boosted its stake in LifePoint Health by 14.9% in the third quarter. Pembroke Management LTD now owns 291,400 shares of the company’s stock worth $17,259,000 after buying an additional 37,700 shares in the last quarter. California Public Employees Retirement System boosted its stake in LifePoint Health by 0.7% in the third quarter. California Public Employees Retirement System now owns 176,486 shares of the company’s stock worth $10,453,000 after buying an additional 1,200 shares in the last quarter. Nationwide Fund Advisors boosted its stake in LifePoint Health by 21.2% in the third quarter. Nationwide Fund Advisors now owns 240,974 shares of the company’s stock worth $14,273,000 after buying an additional 42,173 shares in the last quarter. Bank of Montreal Can boosted its stake in LifePoint Health by 445.3% in the third quarter. Bank of Montreal Can now owns 13,977 shares of the company’s stock worth $828,000 after buying an additional 11,414 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its stake in LifePoint Health by 3.0% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 117,280 shares of the company’s stock worth $6,946,000 after buying an additional 3,370 shares in the last quarter. Institutional investors and hedge funds own 97.59% of the company’s stock.

LifePoint Health, Inc. (NASDAQ:LPNT) traded up 0.33% during trading on Wednesday, hitting $61.55. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 20.81 and a beta of 0.90. LifePoint Health, Inc. has a 52 week low of $50.60 and a 52 week high of $75.70. The stock has a 50 day moving average price of $57.77 and a 200 day moving average price of $58.92.

LifePoint Health (NASDAQ:LPNT) last announced its earnings results on Friday, October 28th. The company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.10. LifePoint Health had a return on equity of 7.02% and a net margin of 1.93%. The business earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Equities analysts anticipate that LifePoint Health, Inc. will post $3.59 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on LPNT. Piper Jaffray Companies initiated coverage on shares of LifePoint Health in a report on Wednesday, January 4th. They issued a “neutral” rating and a $62.00 price target on the stock. Zacks Investment Research upgraded shares of LifePoint Health from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Friday, December 30th. Credit Suisse Group cut shares of LifePoint Health from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $60.00 in a research note on Friday, November 11th. Avondale Partners cut shares of LifePoint Health from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th. Finally, Bank of America Corporation cut shares of LifePoint Health from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $66.00 to $59.00 in a research note on Wednesday, November 9th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. LifePoint Health has an average rating of “Hold” and an average price target of $69.41.

About LifePoint Health

LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.

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